NFC World

News from the NFC World journal

Shinhan to put credit cards on the blockchain

“With the patent-winning technology, the card firm has established a blockchain-powered credit transaction process that enables various functions, such as setting a maximum spending limit, paying in monthly installments and completing payments between merchants and consumers… The company is the first in the world to have established a credit transaction service using the new record-keeping

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Merchant payments association calls for 18 month delay on strong customer authentication

“To avoid significant acceptance disruptions, EPSM recommends that all regions should agree an additional timeframe of 18 months for standard applications, as well as up to 36 months for challenging applications, such as those in the travel and hospitality sector. This will deliver an EU-wide harmonised migration approach by the EBA and the 28 national

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Qualcomm to include NFC in entry-level smartphone platform

“The Qualcomm 215 Mobile Platform debuts the following ‘firsts’ in the 2-series: 64-bit CPU, Dual-ISP, supports up to 13MP photo capture​, support for Full HD (1080p) video capture​, support for HD+ resolution display, hexagon DSP for audio and sensor processing​, support for Dual SIM with Dual VoLTE, EVS voice calls​, Wi-Fi 802.11ac, support for NFC

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Samsung Pay adds in-app loan and credit card applications in India

“Paisabazaar.com, India’s largest online marketplace for financial products, today announced its partnership with Samsung… Samsung Pay users can apply for credit cards and personal loans from the platform. The move will enable millions of existing and potential Samsung Pay users to get the benefit of seamlessly opting for a host of financial services.” Read the

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LG to launch ThinQ mobile wallet in the US?

“According to the filing documents, the trademark is for services concerning transaction and settlement services, mobile banking, ‘issuance of cyber money’, and ‘payment application software for mobile phones’ among others. ThinQ is a brand first used for a smart refrigerator introduced by the company in 2011 at a consumer electronics show. Since then, multiple smartphones

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Walmart combines blockchain and QR codes to let Chinese consumers verify source of fresh produce in stores

Walmart customers in China will soon be able to scan QR codes on stickers attached to fresh meat, rice, mushrooms, cooking oil and other produce to acquire detailed product information including “the source of the scanned products and geographic location received by Walmart, logistics process, product inspection report, and many more data points”. An initial

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Chinese retailers use face recognition to link shoppers’ online purchase history to in-store services

“One of the first firms to join an Alibaba Group Holding Ltd programme that provides years of consumer shopping history, snack food chain, Bestore Co Ltd plans to link facial recognition technology with the e-commerce giant’s account data by the year’s end. For customers opting to have their facial data in Bestore’s systems, that means

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